LAM RESEARCH CORP — Director's Dealing 2017

Feb 22, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LAM RESEARCH CORP (LRCX)
CIK: 0000707549
Period of Report: 2017-02-17

Reporting Person: Bettinger Douglas R (EVP, Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-17	Common Stock	F	2699	$114.90	Disposed	41400	Direct
2017-02-17	Common Stock	M	36223	$114.90	Acquired	77623	Direct
2017-02-21	Common Stock	S	3741	$114.90	Disposed	73882	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-17	Market-based Performance Restricted Stock Unit	$0.0	M	24149	Disposed		Common Stock (24149.0)	Direct

Footnotes

F1: Amount reported includes shares subject to unvested Restricted Stock Units.

F2: On 2/18/14, the Reporting Person received a target grant of 24,149 Market-based Performance Restricted Stock Units vesting between 0% and 150% on 2/18/17. The performance of this award was based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Sector Index Total Shareholder Return during the performance period of 2/18/14 to 2/17/17. The performance payout was approved at 150% of target.

F3: Shares sold pursuant to 10b5-1 Trading Plan.

F4: These Market-based Performance Restricted Stock Units vest between 0% and 150% on 2/18/17. The performance of this award is based on the Lam Research Total Shareholder Return performance relative to the Philadelphia Semiconductor Sector Index Total Shareholder Return during the performance period of 2/18/14 to 2/17/17.